Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

This appendix uses an overlapping-generations model to look at the impact of introducing funded and unfunded social security systems, and of replacing an unfunded system with a funded one. The analysis follo...

Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

Given the theoretical ambiguity of the precise relationship between pensions and saving, the various statistical techniques that have been used to analyze it, and the diversity in actual pension systems and...

Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

Public pension reform arouses great interest virtually everywhere. In the Organization for Economic Cooperation and Development (OECD), it is generally accepted that most existing pension regimes may be fina...

Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

This section describes how public pension plans could be expected, on a priori grounds, to affect saving. It uses the LCH only as a starting point and acknowledges the implications of imperfect capital marke...

Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

The design of public pension plans has the potential to affect the saving rate, as Section III has made clear. The same could be true of private pension plans, and the question arises as to whether the regul...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

DOI: http://dx.doi.org/10.5089/9781557756404.084

ISBN: 9781557756404

Public pension systems around the world have been criticized in recent years for some serious flaws, including the excessive burden they impose on the public finances and their depressing impact on saving rates. Th...

Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

Public pension systems around the world have been criticized in recent years for some serious flaws, including the excessive burden they impose on the public finances and their depressing impact on saving rates. Th...

Author(s):
Alfredo Cuevas
,
George Mackenzie
, and
Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
10
September
1997

ISBN: 9781557756404

Public pension systems around the world have been criticized in recent years for some serious flaws, including the excessive burden they impose on the public finances and their depressing impact on saving rates. Th...